The board of Delek Logistics Partners has again voted to hike the company's quarterly dividend. Shareholders of record on Aug. 6 will receive 55 cents per limited partner unit, up from 53 cents. That amount is 16 percent higher than the payout of a year ago. Based on Monday's Delek Logistics closing price of $38.35 (Ticker: DKL), the new payout would lift the venture's yield to more than 5.7 percent.
Colorado-based telecom infrastructure company Zayo Group says it is investing $39 million to add 147 cell towers to its Nashville-area fiber network. The move is built on the back of a 20-year contract Zayo has signed with an unnamed wireless service provider. It will nearly quadruple the length of Zayo's local network to 470 miles.
The Metro Public Works Department is exploring option to improve pedestrian safety and traffic flow for Lower Broadway.
Jenna Smith, department spokeswoman, said efforts are being made regarding the issue but that there is no definitive plan or start date. She emphasized the effort is a pilot program.
“There have been discussions with the Metro Traffic and Parking Commission, with business owners and with folks who work in the area — basically the key stakeholders who are, or will be, involved as we move forward,” she said. “We are going to move forward but the details are still being worked out.”
Smith said one option being considered is to widen (though not with physical construction) Lower Broad sidewalks with temporary fencing to increase the width of the pedestrian path of travel.
“We are still working to figure out the best options for those folks who would normally park at those meters [on Lower Broad],” she added.
Public Works' tentative plans for the pilot echo a number of the ideas the Post floated two summers ago in our inaugural Boom magazine. At the time, we worked with planners at Gresham Smith + Partners and Earl Swensson Associates to envision some design features for the busy strip that would help accommodate large crowds and protect pedestrians from vehicular traffic.
In a meeting fraught with contretemps, the Metro Council removed funding for all three big Dean Administration projects — the flood wall, the relocation of the jail and the new police headquarters.
Tuesday's meeting turned particularly heated on two occasions. Dominy, as he interrogated Metro Finance Director Rich Riebeling on the jail plan, appeared to accuse the finance director of lying about the proposal. That prompted Riebeling to point from across the council chambers toward Dominy and say, "You don't call me a liar."
Earlier, Councilman Todd charged that "backroom" trades had taken place by the administration. Mayor's Office of Economic and Community Development Director Matt Wiltshire responded to that accusation by storming out of the council chambers.
From the inbox, the Barry camp says she opposes the relocation of the jail to Antioch but still supports another of Karl Dean's big proposed projects:
“I believe that community members should be driving the discussion about the future of their neighborhoods.”
“I have heard loud and clear from residents in Southeast Nashville who are opposed to the relocation of the jail into their neighborhood. In addition, I have serious concerns about the ability for those who are served by the criminal justice system to access legal representation and transit if we were to move the jail from Downtown to Antioch.
“Last night, I joined my fellow councilmembers in signing on to an amendment that would take the proposed Southeast jail out of the Capital Improvement Budget. In addition, I heard serious concerns about the relocation of the police headquarters to Jefferson Street, and will be taking a closer look at that proposal over the next week.
“Last night, I also heard from the members of the downtown neighborhood who strongly support the proposed flood protection program. If we know that we can prevent a natural disaster from causing damage and devastation to our economy and to the lives of Nashvillians, we should absolutely take steps to do so. Over the past few weeks I’ve talked to experts about this plan, and I am convinced that this is the right thing for Nashville to do.
“Since I’ve served on the Council, Nashville has invested millions of dollars in West Nashville, Pennington Bend and Bordeaux for flood mitigation - but we need to do more, and as mayor, I will work with the Metro Water Department, Army Corps of Engineers and the Metro Council to move forward with more flood mitigation in every part of Davidson County.”
SEE ALSO: From Pith, Steven Hale on this and Jerry Maynard's efforts to convince his colleagues about the merits of the planned police HQ
The U.S. Army Corps of Engineers has picked downtown-based architecture and engineering firm Gresham Smith and Partners — as well as peers from Dallas, Orlando and Columbus — to provide some interior design services over the next five years. The collective value of the contract with all four companies, which were chosen from 18 applicants, is $9 million.
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